What Is a Life Insurance Policy Rider?

What Is a Life Insurance Policy Rider?

Traditional policies usually leave little room for modification or customization, except for deductibles and amount of coverage. Policy riders allow policy owners to create a life insurance policy that fits their specific needs, for an extra premium.

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What is Whole Life Insurance and Will It Really Last Until I Die?

What is Whole Life Insurance and Will It Really Last Until I Die?

Whole life – often called ordinary life or straight life – is the original permanent life insurance policy, which is still the most commonly used in-force policy today. Over the past 20 years, this policy has become less popular, with the introduction of universal life, variable life, and variable universal life. These policies are less rigid than whole life.

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Cash Value Life Insurance Explained

Cash Value Life Insurance Explained

Permanent life insurance has a level premium that must be paid to keep in-force, which is generally higher than the premium for term life. But in return, permanent policies will accumulate a cash value, which is often tax deferred. Under most circumstances, you can borrow against the policy value.

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The Pros and Cons of Life Insurance

The Pros and Cons of Life Insurance

Unfortunately, there is no such thing as perfect life insurance, every policy, whether its term or permanent life, has a variety of advantages and disadvantages. Term life may not be right for everyone, but it may be perfect for some. In order to determine this, you have to make sure that the advantages out weight the disadvantages.

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What Are the Different Types of Term Life Insurance?

What Are the Different Types of Term Life Insurance?

Term insurance provides coverage for a specific period of time. The death benefit is paid only if you die during that period of time, but it provides the largest amount of protection for your premium dollars. If you are considering term insurance, make sure to research all the different types before making a decision.

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Life Insurance 101 With Tony Steuer

Life Insurance 101 With Tony Steuer

Life insurance is a type of insurance that pays money when someone passes away. It is one of the oldest types of insurance/financial products in existence and dates back to the 17th century. The primary function of life insurance is to assist the beneficiary when there is an economic loss, due to the death of the insured, which extends beyond just funeral or final expenses. When purchasing this type of insurance, it’s important to keep in mind that life insurance is not for you; it is for your survivors.

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Evaluate Your Existing Life Insurance Policy

Evaluate Your Existing Life Insurance Policy

Have a trusted life insurance agent that keeps in contact with you periodically to review your current situation and to offer updates on policy information.

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Steps To Choosing Which Life Insurance Company Is Best For You

Steps To Choosing Which Life Insurance Company Is Best For You

Selecting one life insurance company out of a pool of over 1,600 companies can be an overwhelming task, but with the assistance of some common-sense guidelines this process can become more manageable. The first step should always be to determine your life insurance needs.

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How Can I Get Better Life Insurance Rates?

How Can I Get Better Life Insurance Rates?

Secure a low life insurance policy rate by maintaining a healthy weight, eating a well-balanced diet, and avoid using any tobacco-related products.

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Introduction: Who is Tony Steuer?

Tony Steuer, author of Questions and Answers on Life Insurance: The Life Insurance Toolbook, will be hosting a series of columns at Life Quotes, Inc about life insurance. He has over 25 years of experience, holds the Department of Insurance Analyst License (LA) as well as the Charted Life Underwriter (CLU) designation, holds varies leadership positions and author of three life insurance books.

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